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Burberry Group Plc, the British luxury fashion brand, sued J. C. Penney Co on Tuesday, accusing the U.S. retailer of trademark infringement for selling outerwear that featured exact copies of its famous "Burberry check" pattern. In a complaint filed in U.S. district court in Manhattan, Burberry accused J.C. Penney of illegally selling "quilted jackets" with the…

Tandy Leather Factory Inc. announced Tuesday the resignation of its CEO Jon Thompson. He's also stepping down from Tandy’s board of directors, the company said in a news release. Thompson joined Tandy in 1980 and has served in a variety of positions. He was promoted to president and COO in June 2008 and before being named…

The European Commission said on Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depot’s operations in Europe to ease competition concerns. The approval comes just over two months after the Federal Trade Commission in the United States sued to…

Last fall, Target Corp. took its first baby steps toward a more gender-neutral store when it took down the “boys” and “girls” signs in its toy and kids’ bedding aisles. Now, the Minneapolis-based retailer is taking it further with a new kids’ home décor line that blurs the lines between what's for girls and what's for…

Kohl’s is pairing social activations and live streaming with a sponsorship for this year’s Academy Awards, sharing an in-depth viewing experience and party preparation ideas in the days before the broadcast. Saturday Night Live actress Vanessa Bayer will be appearing in Kohl’s content on social media, which provides followers with various guides to hosting an Oscars…

Old Navy was for the longest time the bright spot in Gap Inc’s struggling portfolio, the brand that had held its own against everyone from Wal-Mart to H&M. Gap’s largest brand, a powerhouse behind 40 percent of sales, figured out long before both its major sister brands Gap and Banana Republic how to compete with fast-fashion…

Sears says it will accelerate plans to close unprofitable stores and will consider additional staff cuts as it tries to stem the red ink after what it called a "challenging" holiday selling season. Sears Holdings on Tuesday said fourth-quarter sales in stores open at least a year fell 7.2 percent in Kmart stores and 6.9 percent…

Retail is an enormous and profitable industry. Global sales were projected to top $24 trillion in 2015 and are expected to grow another 3.2 percent this year, making the magnates who run the sector's largest companies even wealthier. We recently released our list of the 50 richest people on earth based on data from Wealth-X, which…

On Friday, the company announced it has emerged from Chapter 11 as a private company after successfully implementing its reorganization plan. The announcement comes days after the Delaware bankruptcy court gave its approval to the plan. Under the approved plan, approximately $230 million in bonds was wiped out in exchange for equity in the reorganized company.…

A congressman introduced a bill that would allow the United States Postal Service to offer basic financial services, and one aspect of the proposed legislation has the potential to impact e-commerce. Representative Cedric Richmond of Louisiana reintroduced the Providing Opportunities for Savings, Transactions and Lending (POSTAL) Act. The bill would allow US postal customers to open…